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force majeure |
Also found in: Legal, Wikipedia, Hutchinson | 0.01 sec. |
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Force Majeure Events outside the control of the parties. These events are acts of man, nature, governments and regulators, or impersonal events. Contract performance is forgiven or extended by the period of force majeure. force majeure Something outside the control of parties to a contract and which could not have been foreseen or planned for.Usually found in construction contracts,suspending the time limits in the event of a force majeure.It can include Acts of God,such as tornadoes and hurricanes,or acts of humans,such as a strike,terrorist attack,or other such disruptive event. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Without the incorporation of the specific cause within a force majeure clause, it is an open question as to whether a catch-all force majeure provision would cover a given situation. As such, suppliers should review the terms and conditions of their contracts to determine if such relief is available under a force majeure clause. I've definitely been paying far more attention to the way the force majeure clause is written and trying to see that it's written as broadly as possible," she says. |
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